Smart op-ed in the New York Times today on how the Internet gambling ban will shut down important information markets like TradeSports, and why that’s a bad thing.

If you’ll remember, there was once some talk about the Pentagon setting up information markets for world events, including things like assassinations and terrorist attacks. Those plans were squashed after outcry from people who couldn’t bear the though of anyone making a profit off of human suffering, despite the fact that those markets would likely have provided valuable insight into the when and where and how of terrorism.

Now, the same Congress that has been all over the newspapers the last few years for its own moral shortcomings plans to rob the public of an important informational tool — again because a few people think their own moral values are important enough to be enshrined into law. Sigh.

This entry was posted on Monday, October 9th, 2006 at 2:54 pm by Radley Balko and is filed under Gambling, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.